Xoom Corporation
Latest round
- Series F
Last raised
- Nov 2011
Total raised
- $106M
Investors
- 6
About Xoom Corporation
Xoom Corporation, founded in 2001 and headquartered in San Francisco, US, specializes in digital money transfers. The company was acquired by PayPal in July 2015 for USD 890 mn. Laila Faisal, the founder, has a background in technology and finance.Xoom, a PayPal service, specializes in fast and secure money transfer solutions, catering to individuals and families globally. Its core offerings include the ability to send money directly to bank accounts, debit cards, mobile wallets, and options for cash pickup and delivery. The platform provides flexible services that allow users to reload mobile phones and pay bills, addressing the needs of customers who require efficient financial transactions without geographical constraints. Established in 2001, Xoom has gained the trust of millions of users, particularly in markets across North America, South America, Europe, and Asia, ensuring that customers can stay connected with their loved ones regardless of distance.Xoom generates revenue primarily through transaction fees charged for its money transfer services, which may vary based on the speed and method of delivery chosen by users.85 mn. The firm operates on a structure that predominantly serves direct-to-consumer transactions, where individual users can send funds to recipients internationally. The company emphasizes its competitive pricing, ensuring that users are aware of the costs associated with each transfer, while also promoting a user-friendly experience through its mobile app and web platform.Xoom's future growth strategy includes plans for expanding into new markets and geographic regions to enhance its service offerings. Following its acquisition by PayPal, the company aims to leverage PayPal's global reach to penetrate additional markets in Asia and Latin America by 2025.
Who invested in Xoom Corporation
6 investors across 5 rounds
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Questions about Xoom Corporation
Who invested in Xoom Corporation?
Xoom Corporation has 6 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Xoom Corporation raised?
Xoom Corporation has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Xoom Corporation last raise money?
Xoom Corporation's most recent round on record is a Series F, in Nov 2011.
What does Xoom Corporation do?
Xoom Corporation, founded in 2001 and headquartered in San Francisco, US, specializes in digital money transfers.
Where is Xoom Corporation headquartered?
Xoom Corporation is headquartered in San Francisco, US.
Which VCs invest in companies like Xoom Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Xoom Corporation's stage. Their profiles are linked below.
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